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25 People at the heart of the meltdown

Discussion in 'Political Zone' started by masomenos, Jan 26, 2009.

  1. masomenos

    masomenos Less is more

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  2. Doomsday101

    Doomsday101 Well-Known Member

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    I notice people who lived beyond their means did not make the list. You know those who buy homes they could not afford or use their credit card like it was magic money. I agree others share in the blame but a big portion in my view goes right on the back of the uncontrolled consumer who refused to live within their own means.
  3. masomenos

    masomenos Less is more

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    Actually, they did make the list...

  4. burmafrd

    burmafrd Well-Known Member

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    GREED. On both the borrowers and lenders. And political advantage by the politicians.
  5. DIAF

    DIAF DivaLover159

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    The best profile I have seen/heard about the whole meltdown was the one that was done for This American Life on NPR. If you can grab that podcast and give a listen to it, do it. I heard it on the radio when it originally aired and it was excellent. They interviewed and profiled people from every level of the process..the borrowers, the loan officers, all the way on up to executives at some of these firms (the ones that would talk to them, that is) and it really illustrates exactly how all of this happened.

    obviously. But this tells you exactly what went on and how it was done. It's pretty shocking.
  6. masomenos

    masomenos Less is more

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    I love This American Life, but I missed that episode, I'll have to check it out.
  7. TheCount

    TheCount Pixel Pusher

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    GREAT show, NPR does a lot of good stuff in general, but I'm a huge fan of TAL.
  8. burmafrd

    burmafrd Well-Known Member

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    I bet they had few details on all the political chicanery and pressure by certain members of congress to get rid of so called "discriminatory" qualifying limitations.
  9. arglebargle

    arglebargle Well-Known Member

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    And I bet you were never redlined. If they redlined Mel Renfro, they'd redline anyone.
  10. ScipioCowboy

    ScipioCowboy More than meets the eye.

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  11. bbgun

    bbgun Benched

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    Hmmm. Barney Frank and the former CEOs of Fannie and Freddie strangely absent. Then again, this is The Guardian.
  12. ScipioCowboy

    ScipioCowboy More than meets the eye.

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    This a valid point.
  13. masomenos

    masomenos Less is more

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    With people like Clinton, Phil Graham and Chris Dodd on the list, you're not really claiming liberal bias are you?
  14. theogt

    theogt Surrealist Zone Supporter

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    They could have put this one higher up on the list:

  15. BrAinPaiNt

    BrAinPaiNt Backwoods Sexy Staff Member

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    You forget Soros?
  16. theogt

    theogt Surrealist Zone Supporter

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    Graham was a Republican senator responsible for a good bit of the deregulation that caused the housing bubble.
  17. masomenos

    masomenos Less is more

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    Oops, let's pretend I meant to put Soros on there instead. :eek::
  18. bbgun

    bbgun Benched

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    Um, Graham was a Rep Senator. Trying to dissect this crisis without pointing an accusatory finger at Frank or his buddies at FM is like omitting John Wilkes Booth from a Lincoln assassination seminar. Innocent oversight? Don't see how.
  19. JiggsCasey

    JiggsCasey Benched

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    or they could eliminate individuals and make the list a much more succinct two words:

    Peak... Oil...

    this is a controlled demolition so as to fold the planet into a one-world monetary system in the face of overpopulation and energy scarcity... anyone who insists that's mere "craaaaazy talk" quite usually isn't paying attention to the specific indicators of the past 20 years....
  20. Sasquatch

    Sasquatch Lost in the Woods

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    I caught it. It was extremely informative although the details now escape me.

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